Home / Companies / News / Govt extends bidding deadline for BPCL by two months till Sept 30

Govt extends bidding deadline for BPCL by two months till Sept 30

The EoI submission deadline was May 2, but on March 31 it was extended up to June 13. On May 26, it was extended to July 31 and now it has been extended till September 30.

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The government is proposing strategic disinvestment of its entire shareholding in BPCL comprising of 114.91 crore equity shares

Press Trust of India New Delhi

4 min read Last Updated : Jul 29 2020 | 9:54 PM IST

The government has for the third time extended the deadline for bidding for privatisation of India's second-biggest oil refiner Bharat Petroleum Corp Ltd (BPCL) by two months to September 30.

While the Cabinet had in November last year approved the sale of government's entire 52.98 per cent stake in BPCL, offers seeking expression of interest (EoI) or bids showing interest in buying its stake were invited only on March 7.

The EoI submission deadline was May 2, but on March 31 it was extended up to June 13. On May 26, it was extended to July 31 and now it

Topics : BPCL oil marketing companies privatisation PSU Disinvestment

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